Palm City Association (EIN 952133078) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1961

Legal Domicile

Principal Officer

Ron Crisp

Tax Period

2024-01-01 to 2024-12-31

Palm City Association, founded in 1961, is a small nonprofit that reported $487K in total revenue in fiscal year 2024. Expenses of $542K exceeded revenue, resulting in a 11% operating deficit.

Mission

To provide recreational facilities and grounds maintenance for 1054 homeowner members.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $419,492

Investment Income $11,900

Other Revenue $55,124

TOTAL REVENUE $486,516

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $542,056

Other Expenses $542,056

TOTAL EXPENSES $542,056

Year-over-Year Comparison

	2024	2023	Change
Revenue	$486,516	$493,117	0.0%
Expenses	$542,056	$433,448	+0.3%
Net Income	$-55,540	$59,669	-1.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ronald Crisp	President	002.00	Officer Director	$0	$0	$0
Patricia McCabe	Treasurer	002.00	Officer Director	$0	$0	$0
Heather Andrews	Secretary	002.00	Officer Director	$0	$0	$0
Raymond Rieger	Director	002.00	Director	$0	$0	$0
Jeilyn Planos	Director	002.00	Director	$0	$0	$0
Maria Demme	Director	002.00	Director	$0	$0	$0
Cheryl Mena	Director	002.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$486,516	$542,056	$537,129	$-55,540
2023	$493,117	$433,448	$544,672	$59,669
2022	$496,324	$425,016	$480,184	$71,308
2021	$455,198	$584,237	$451,923	$-129,039
2020	$447,229	$389,033	$589,654	$58,196
2019	$494,521	$621,607	$488,506	$-127,086
2018	$478,712	$541,196	$603,301	$-62,484

Palm City Association